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AI Analysis of RCL
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Royal Caribbean Cruises stock downgraded to Hold/Accumulate
(Updated on May 01, 2024)

Buy or Hold candidate since Apr 22, 2024 Gain 4.19% PDF

The Royal Caribbean Cruises stock price fell by -1.51% on the last day (Wednesday, 1st May 2024) from $139.63 to $137.52. During the last trading day the stock fluctuated 3.42% from a day low at $134.74 to a day high of $139.35. The price has risen in 7 of the last 10 days and is up by 7.46% over the past 2 weeks. Volume has increased on the last day by 922 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $530.69 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.42% during the next 3 months and, with a 90% probability hold a price between $153.17 and $169.15 at the end of this 3-month period.

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RCL Signals & Forecast

The Royal Caribbean Cruises stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $138.85. On a fall, the stock will find some support from the long-term average at approximately $134.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.07%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Royal Caribbean Cruises stock

Royal Caribbean Cruises finds support from accumulated volume at $137.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.61 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 2.74%.

Our recommended stop-loss: $131.54 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (RCL) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Royal Caribbean Cruises Ltd to open at $137.20, and during the day (based on 14 day Average True Range), to move between $133.49 and $141.55, which gives a possible trading interval of +/-$4.03 (+/-2.93%) up or down from last closing price. If Royal Caribbean Cruises Ltd takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $137.47 (0.04%) than the resistance at $139.63 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Royal Caribbean Cruises Ltd stock A Buy?

Royal Caribbean Cruises holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.172 Hold/Accumulate Downgraded

Predicted Opening Price for Royal Caribbean Cruises Ltd of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$137.20 ( 0.230%) $137.52

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RCL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 141.81 3.12 %
R2 140.05 1.84 %
R1 138.96 1.05 %
Current price: 137.52
Support S1 135.44 -1.51 %
S2 134.35 -2.30 %
S3 132.59 -3.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 140.59 2.23 %
R2 139.72 1.60 %
R1 139.63 1.53 %
Current price 137.52
Support S1 137.47 -0.0364%
S2 123.44 -10.24%
S3 122.56 -10.88%

RCL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2020 Mar 05, 2020 Apr 06, 2020 $0.780 2.63%
2 Dec 05, 2019 Dec 19, 2019 Jan 06, 2020 $0.780 0.593%
3 Sep 06, 2019 Sep 19, 2019 Oct 11, 2019 $0.780 0.725%
4 May 10, 2019 Jun 03, 2019 Jul 03, 2019 $0.700 0.601%
5 Feb 13, 2019 Mar 06, 2019 Apr 05, 2019 $0.700 0.597%

FAQ

What is the symbol for Royal Caribbean Cruises Stock and on which exchange is it traded?
The symbol for Royal Caribbean Cruises is RCL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Royal Caribbean Cruises Stock?
Royal Caribbean Cruises holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Royal Caribbean Cruises Stock?
Royal Caribbean Cruises Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Royal Caribbean Cruises Stock.

What's the current price of Royal Caribbean Cruises Stock?
As of the end of day on the May 01, 2024, the price of an Royal Caribbean Cruises (RCL) share was $137.52.

What is the 52-week high and low for Royal Caribbean Cruises Stock?
The 52-week high for Royal Caribbean Cruises Stock is $143.62 and the 52-week low is $66.01.

What is the market capitalization of Royal Caribbean Cruises Stock?
As of the May 01, 2024, the market capitalization of Royal Caribbean Cruises is 35.391B.

When is the next earnings date for Royal Caribbean Cruises?
The upcoming earnings date for Royal Caribbean Cruises is Jul 25, 2024.
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About Royal Caribbean Cruises Ltd

Royal Caribbean Cruises Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.... RCL Profile

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